Ann: Industry Leading Life Cycle Assessment results, page-79

Wouldn't that dilute the resource over time? All other projects are reinjecting the brine in a different area to avoid this dilution. I haven't really seen them saying that it goes exactly in the same spot, but I could be wrong. Can you point it out?

In the PFS page 44:
"Depleted brine composition, reinjection and permitting – to be clarified with further testwork and mitigated via consultation with authorities."

And page 80:
"Assuming the lithium extraction process causes only small compositional changes to the brine (which has been preliminary shown in the geochemical data assessed in this Technical Report), the lithium-removed brine, as well as any evolved gases, could return to the subsurface aquifer via the reinjection well. Hence it is assumed both companies (geothermal and lithium) are extracting their own commodity of interest with virtually no interference between the two processes."

To me it seems that they do not know exactly where they will reinject it. There will certainly be environmental hurdles compared with just geothermal brine since Vulcan will be treating the brine, not to be underestimated.

Robert Mintak from Standard Lithium also says on this interview that they reinject the brine far away from their supply to avoid dilution (around minute 9).

Cheers